Real Estate Alliance held three Auctions last week on the instruction of the Department of Defence and sold all properties on the days of the Auction. This amounts to 10 properties raising just under €1,000,000.
Among the properties sold at an auction in The Bush Hotel, Carrick-on-Shannon was the old Primary and Technical School in Manorhamilton.
The property sold for €62,000 with an advised minimum value of €50,000 and was auctioned by Roger McCarrick of REA McCarrick, Sligo. The site extends to over 500m2 on a site of approximately 0.5 acre.
In total five properties were auctioned in Carrick-on-Shannon on Friday last, December 6.
The former reserve defence force facilities in Roscommon town, handled by Seamus Carthy of REA Carthy was withdrawn and sold after Auction on the day for €105,000.
The former RDF purpose built training premises situated on c. 0.5 acre site in Milford, Co. Donegal was sold at auction for €30,000.
The Old Garda Station, Cannon Street, Kells, Co. Meath sold for €190,000, a fantastic €120,000 over the AMV of €70,000. The agent Tom Gavigan did a fantastic job dealing with 103 bids for this property. REA T&J Gavigan, the Auctioneers stated that “the property is a two storey 19th century natural stone listed building that has been extended and refurbished”.
The former training centre at The Mullins, Donegal Town was withdrawn and sold after on the day for €37,000, on c. 0.25 acres , with extensive tarmac area with facility for parking.
According to Philip Farrell, CEO of Real Estate Alliance, “we were very pleased with the results of the auctions this week and we look forward to working with the Department of Defence to dispose of more properties in the coming few months”.
The first auction took place in Killarney’s International Hotel and featured two properties. The first, the Old Garda Station in New St., Killarney. The property sold at Auction for €255,000, a considerable amount over the AMV of €175,000.
The second property was ‘An Halla Slua’, Grey’s Lane, off Green St., Dingle. A building of c.198 m2 / 2133 sq.ft. ,in a very central location of this busy Tourism Town. REA North’s, the Auctioneers, were guiding €65,000 and the property sold at Auction for €85,000.
The second auction took place in Limerick’s Strand Hotel and featured three properties. Old Weslyan Hall in Thurles sold for €110,000, nearly three times its AMV quoted at €38,000.
The third property for auction in Limerick was The Sluagh Hall, a Training hall for the Department of Defence in Midleton, Co. Cork.
According to Michael O’Donoghue of REA O’Donoghue Clarke, Cork City, “the property, a prominent and strategically positioned ,with a large corner site.
The AMV was €100,000 and the property sold at Auction for €110,000.